Allianz Asset Management GmbH Boosts Stock Position in NexPoint Residential Trust, Inc. (NYSE:NXRT)

Allianz Asset Management GmbH lifted its stake in NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) by 670.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,321 shares of the financial services provider's stock after buying an additional 42,921 shares during the quarter. Allianz Asset Management GmbH owned about 0.19% of NexPoint Residential Trust worth $1,950,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Nexpoint Asset Management L.P. grew its holdings in NexPoint Residential Trust by 100.0% during the 4th quarter. Nexpoint Asset Management L.P. now owns 1,562,753 shares of the financial services provider's stock valued at $65,245,000 after buying an additional 781,266 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of NexPoint Residential Trust by 194.3% in the 4th quarter. Millennium Management LLC now owns 284,292 shares of the financial services provider's stock worth $11,869,000 after purchasing an additional 187,680 shares during the period. BROOKFIELD Corp ON purchased a new position in shares of NexPoint Residential Trust in the 4th quarter worth approximately $3,863,000. Graybill Wealth Management LTD. purchased a new position in shares of NexPoint Residential Trust in the 1st quarter worth approximately $2,814,000. Finally, Northern Trust Corp boosted its holdings in shares of NexPoint Residential Trust by 18.6% in the 4th quarter. Northern Trust Corp now owns 435,981 shares of the financial services provider's stock worth $18,202,000 after purchasing an additional 68,471 shares during the period. Hedge funds and other institutional investors own 76.61% of the company's stock.

Insiders Place Their Bets

In other NexPoint Residential Trust news, insider Paul Richards bought 5,000 shares of the company's stock in a transaction that occurred on Wednesday, June 25th. The shares were purchased at an average cost of $32.92 per share, for a total transaction of $164,600.00. Following the purchase, the insider directly owned 24,689 shares in the company, valued at $812,761.88. This represents a 25.39% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 15.36% of the stock is currently owned by company insiders.

NexPoint Residential Trust Stock Down 1.1%

Shares of NXRT traded down $0.34 during trading hours on Friday, hitting $30.84. The company had a trading volume of 256,275 shares, compared to its average volume of 165,532. The company has a market capitalization of $782.10 million, a PE ratio of -15.73, a price-to-earnings-growth ratio of 1.83 and a beta of 1.04. The company has a current ratio of 1.89, a quick ratio of 2.65 and a debt-to-equity ratio of 4.22. NexPoint Residential Trust, Inc. has a one year low of $29.98 and a one year high of $48.37. The company's fifty day moving average price is $33.71 and its two-hundred day moving average price is $36.61.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $0.80 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.01). The company had revenue of $63.10 million during the quarter, compared to the consensus estimate of $63.32 million. NexPoint Residential Trust had a negative return on equity of 12.54% and a negative net margin of 19.55%. As a group, equities analysts forecast that NexPoint Residential Trust, Inc. will post 2.86 earnings per share for the current fiscal year.

NexPoint Residential Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 6.6%. The ex-dividend date is Monday, September 15th. NexPoint Residential Trust's payout ratio is -104.08%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on NXRT shares. Raymond James Financial lowered NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 15th. Truist Financial decreased their price target on NexPoint Residential Trust from $42.00 to $38.00 and set a "hold" rating for the company in a research note on Thursday, May 29th. JMP Securities reaffirmed a "market perform" rating on shares of NexPoint Residential Trust in a research report on Monday, May 19th. Citizens Jmp lowered NexPoint Residential Trust from an "outperform" rating to a "market perform" rating in a research report on Monday, May 19th. Finally, Wall Street Zen raised NexPoint Residential Trust from a "sell" rating to a "hold" rating in a research report on Saturday. Eight research analysts have rated the stock with a hold rating, Based on data from MarketBeat, NexPoint Residential Trust presently has an average rating of "Hold" and a consensus price target of $42.30.

NexPoint Residential Trust Company Profile

NexPoint Residential Trust is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol "NXRT," primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with "value-add" potential in large cities and suburban submarkets of large cities, primarily in the Southeastern and Southwestern United States.